Rental Market in Melbourne, FL — Condo or SFH renting better?

[Mary Frangakis]

Hi, I’m a new out-of-state investor interested in investing and holding for cash flow in the Melbourne, FL area. I’d welcome any advice on what properties are renting best there — condos vs. single family homes, for example — and occupancy rates.  Thanks!

[Kim Meredith Hampton]

@Mary Frangakis, both are doing well, but I find that Single Family do much better in Brevard, especially given this pandemic. That $1200 to $1500 rental range are the sweet spot on homes.